Accenture Digital Holdings Gmbh entered into a letter of intent to acquire remaining 6.3% stake in SinnerSchrader Aktiengesellschaft (HMSE:SZZ) on December 7, 2021. Accenture Digital Holdings Gmbh entered into a merger agreement to acquire remaining 6.3% stake in SinnerSchrader Aktiengesellschaft (HMSE:SZZ) on February 14, 2022. Under the agreement the offer price is €16.43 per share.

Prior to the transaction, Accenture Digital Holdings holds 93.7% stake in SinnerSchrader Aktiengesellschaft. Under the transaction, Accenture Digital Holdings intends to implement a merger of SinnerSchrader Aktiengesellschaft. The transfer resolution is to be passed at the Annual General Meeting of SinnerSchrader Aktiengesellschaft on April 8, 2022.

The effectiveness of the squeeze-out under the Transformation Act still depends on the affirmative resolution of the Annual General Meeting of SinnerSchrader Aktiengesellschaft and the registration of the transfer resolution and the merger in the commercial register of the registered office of Accenture Digital Holdings Aktiengesellschaft and SinnerSchrader Aktiengesellschaft, respectively.